‘They say cut back; we say fight back’: this was the slogan echoing all over United Kingdom for the last three months, where the right-wing Conservative-Liberal Democrat coalition government hiked the home tuition fees for undergraduate students from £3000 to around £9000. This rise was the result of funding cuts imposed over different sectors, including education, in compensation for the 'recession disasters' happened to the country's economy.
The fiscal changes announced by the UPA government suggest nothing more than obeisance to corporate lobbies and preferred interest groups. -Argues Jayati Ghosh in Frontline
Prospects of ending the fiscal with even 7% GDP growth are none too promising, given the slide in industrial production and exports,writes G. Srinivasan on the Stimulus Package announced by the Central Government.
A statement issued by the Polit Bureau of the Communist Party of India (Marxist) on the second Economic Stimulus package announced by the Central Government.
Sitaram Yechury writes about the need to embark on a new regime of massive public investment to boost aggregate demand,in the light of the looming economic recession.Comrade.Yechury also observes that the Rs 20,000 crore investment programme announced by the Prime Minister is insufficient,considering massive infrastructural and social inadequacies to overhaul.